The CPF Trust fund was established to address the growing need of the Laptrust scheme surviving beneficiaries to prudently manage payments made to them.
The Trust Fund is established by a grantor/trustor/settlor to provide financial security to an individual, most often a child or grandchild or organizations, such as a charity or other nonprofit organization or employees of an organization.
Retirement benefits schemes are set up under irrevocable trusts; appointed trustees administer the trust as set out in the governing document the Trust Deed & Rules.
The key pillars of the CPF Trust Fund are:
- Minimal upkeep for beneficiaries to facilitate conducive environment for education